JPMorgan Expects Crypto Market to Face Weeks of ... - cyptoranking.com

2024-05-06

Popular crypto exchanges(2023 Update) 2024-05-06
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It's noteworthy that despite being launched much earlier than most Ethereum layer-2 solutions in June 2020, Polygon is now facing direct competition from Optimism (OP) and Base. Such a downward trajectory going sideways usually reflects an accumulation phase which usually results in a macro trend bottom. While the $0.24 is bolstering buyers with firm support, the buyer’s attempt to recover is currently hampered by a down-sloping trend line. JPMorgan Expects Crypto Market to Face Weeks of ...XRP Price Prediction as XRP Seeks to Breach $0.55 Level – Is the Path to $1 by End of 2023 Clear? BoredApeYachtClub (BAYC)

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FTX Victims Are Taking Stands As ENS continues to gain in popularity, it will almost certainly emerge as one of the most crucial aspects of Web 3.0 in the not-too-distant future. Since the airdrop of ENS tokens, there has been a surge in overall user interest in ENS around the globe. 10 Best Bitcoin Wallet Apps Crypto Investors Must Use In 2022Read more: Prime Trust used $82M in customer funds to buy Terra and Ether 1/many pic.twitter.com/5Y5Ewzm6t7

“YOLO FOX” (Provided by MetalistGame): Breaking new ground as the world’s first travel-themed development placement game, “YOLO FOX” employs the innovative concept of “AI + co-creation.” It constructs a unique AI-driven game world in collaboration with players. Yolofox Game has partnered with a leading AI organization, enabling players to actively participate in creating AIGC (AI-generated content) game elements. Additionally, players can train and nurture exclusive AI NPCs, sharing the game revenue generated through AI contributions. The aim was to overcome certain limitations of ERC-721 and make the market for non-fungible tokens more dynamic and interactive. What Is an Order Book?See related article: DOJ seeks to block Bankman-Fried from bringing up Anthropic fundraise in court The relatively lackluster performance of nine new Ether (ETH) futures exchange-traded funds (ETFs) has prompted analysts at K33 Research to urge a “rotate back” into Bitcoin (BTC).In an Oct. 3 market report, analysts Anders Helseth and Vetle Lunde said that it’s “time to pull the brakes on ETH and rotate back into BTC,” with the initial trading volume of Ether futures ETFs only accounting for 0.2% of what the ProShares Bitcoin Strategy ETF (BITO) amassed on its first day of trading in October 2021.While the analysts noted that no one expected to see initial trading volume on the Ether futures ETFs “come anywhere close” to that of the Bitcoin futures ETFs — launched amid a raging bull market — the underwhelming first-day numbers “strongly” missed expectations.Day one trading of ETH futures ETFs accounted for just 0.2% of what BTC futures ETFs amassed in 2021. Source: K33 ResearchThis lack of institutional appetite for Ether ETFs caused Lunde to walk back on his previous advice of increasing ETH allocation to best capitalize on the ETF hype.“The ETH futures ETF launch provides an important lesson for evaluating the impact of easier access to crypto investments for traditional investors: increased institutional access will only create buying pressure if significant unsatiated demand exists,” wrote Lunde.“This is not the case for ETH at the moment.”In the section of the report titled “More chop ahead,” Lunde explained that the vast majority of the crypto market lacks any meaningful short-term price catalysts and will most likely continue on its sideways trajectory for the foreseeable future.Related: Bitcoin bull market awaits as US faces ‘bear steepener’ — Arthur HayesIn Lunde’s view, this landscape is only really favorable for Bitcoin, which has a potential spot for ETF approval to look forward to early next year, as well as the halving event, which is currently on track for mid-April.“The gravitational pull in crypto for the time being stays in BTC, with a promising event horizon down the line, still favoring aggressive accumulation.”Ben Laidler, global markets strategist at eToro, charted a similar path ahead for crypto assets, albeit with a slightly more bearish sentiment.In emailed comments to Cointelegraph, Laidler pointed to current macro trends as a potential downward trigger for prices of mainstay crypto assets such as Bitcoin.“The Fed and oil prices have been consistently powerful macro influencers on the crypto market in the past couple of years,” wrote Laidler. “At the late stage of the rate hike cycle we’re in, the market is looking for further good news to push on, but with oil prices rising again, this could have a cooling effect on sentiment.”Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.Magazine: Blockchain detectives — Mt. Gox collapse saw birth of Chainalysis

For Ethereum specifically, its ongoing centralization concerns may fuel perceptions that it has drifted from its original motivations. Whether justified or not, accusations of captured governance yield an optics dilemma. Cardano lightweight Web3 wallet Lace has gotten a new upgrade with its 1.6 release. The Lace team excitedly announces the launch of the 1.6 version, which brings improvements and gives users more control over multi-staking. Density|Crypto Futures Trading Exchange|Made for IndiaAs the world dives deeper into the blockchain and digital currency era, a new sector emerges with incredible potential to revolutionize the gaming industry. This sector is known as GameFi. Combining the elements of decentralized finance (DeFi) and online gaming, ‘GameF’i’ offers an exciting avenue for gamers and investors. OKX Wallet, known for its versatility and security, offers users access to over 3,000 cryptocurrencies across 60+ networks, a wide array of decentralized applications (DApps), and a comprehensive decentralized NFT marketplace. With support for more than 70 blockchains, OKX Wallet enables users to maintain full custody of their digital assets.

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